Shearman & Sterling, together with counsel representing other defendants in the ongoing U.K. air cargo follow-on litigation, received Litigation of the Year – Cartel Defense award from Global Competition Review (GCR) for its work on behalf of Cargolux Airlines. This award is an annual celebration of “creative, strategic and innovative litigation on behalf of a defendant in a private action for cartel damages” over the past year. The 2018 GCR Awards ceremony was, held in Washington, DC on April 10.
The team was recognized for its representation of Cargolux Airlines in the U.K. air cargo damages proceedings, where in October 2017 half of the value of the claim against the defendant airlines was reduced.
The team advising Cargolux in this matter is composed of litigation partner Jo Rickard, antitrust partners Elvira Aliende Rodriguez, associate Ruba Noorali and a number of trainees.
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Shearman & Sterling has also recently published its sixth Antitrust Annual Report. The 2018 Report discerns two key trends – a global resurgence of controls on foreign direct investment and the focus on “fairness” developing in the European Union (EU) – and discusses various other important developments in international competition law enforcement.